Don't let the tax man get a piece of your savings! Make the most of your annual tax free allowance with an HSBC Variable Rate Cash ISA. It's a straightforward TAX FREE savings account that comes with no hidden charges. New accounts will receive additional bonus interest of 1% AER for 12 months from account opening. You can also transfer your ISA from other providers (excluding first direct).
The essentials
- Save up to £5,100 this tax year
- Open your account with just £1
- Tiered interest rates – the more you save the more you'll earn
- Watch your savings grow with monthly interest
- Ideal for saving regularly: minimum £10 monthly standing order, or put away a lump sum up to your annual cash ISA subscription limit
- Instant access using internet, telephone or branch banking
- Minimum withdrawal £1. If you have fully subscribed your tax free allowance in a tax year, any amount withdrawn cannot be reinvested until the following tax year
- Available to anyone aged 16 years or over, provided you are a UK resident and ordinarily resident for tax purposes.
- ISA Guide
In detail
- If you have fully subscribed your tax-free allowance in a tax year, any amount withdrawn cannot be reinvested until the following tax year.
- The value of the tax benefits described depends on individual circumstances. The tax treatment of ISAs could change in the future.
Definitions
- AER (Annual Equivalent Rate): This is a notional interest rate which illustrates what the gross rate would be if interest were paid and compounded each year
- 'Tax Free': means free of UK income tax and capital gains tax
- ISA: Individual Savings Account
